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REGISTERED NUMBER: 08109447 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

LUTTERWORTH TRAILER HIRE LIMITED

LUTTERWORTH TRAILER HIRE LIMITED (REGISTERED NUMBER: 08109447)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

LUTTERWORTH TRAILER HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: J S Appleton
D Bennett
Mrs C Appleton
Miss M S Cogger





REGISTERED OFFICE: Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD





REGISTERED NUMBER: 08109447 (England and Wales)





ACCOUNTANTS: Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD

LUTTERWORTH TRAILER HIRE LIMITED (REGISTERED NUMBER: 08109447)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 653,282 575,374
653,282 575,374

CURRENT ASSETS
Debtors 6 163,667 125,129
Cash at bank 107,063 120,184
270,730 245,313
CREDITORS
Amounts falling due within one year 7 247,498 226,258
NET CURRENT ASSETS 23,232 19,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

676,514

594,429

CREDITORS
Amounts falling due after more than
one year

8

(39,984

)

(72,020

)

PROVISIONS FOR LIABILITIES (94,389 ) (100,559 )
NET ASSETS 542,141 421,850

CAPITAL AND RESERVES
Called up share capital 4 4
Revaluation reserve 9 108,973 108,973
Retained earnings 433,164 312,873
SHAREHOLDERS' FUNDS 542,141 421,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LUTTERWORTH TRAILER HIRE LIMITED (REGISTERED NUMBER: 08109447)

BALANCE SHEET - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 March 2024 and were signed on its behalf by:




J S Appleton - Director



D Bennett - Director


LUTTERWORTH TRAILER HIRE LIMITED (REGISTERED NUMBER: 08109447)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Lutterworth Trailer Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold land - in accordance with the property
Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

LUTTERWORTH TRAILER HIRE LIMITED (REGISTERED NUMBER: 08109447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 20,000
AMORTISATION
At 1 July 2022
and 30 June 2023 20,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Motor
land property Equipment vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 July 2022 40,618 5,500 787,934 212,905 1,046,957
Additions 115,881 - 63,283 - 179,164
At 30 June 2023 156,499 5,500 851,217 212,905 1,226,121
DEPRECIATION
At 1 July 2022 - - 382,424 89,159 471,583
Charge for year - - 70,319 30,937 101,256
At 30 June 2023 - - 452,743 120,096 572,839
NET BOOK VALUE
At 30 June 2023 156,499 5,500 398,474 92,809 653,282
At 30 June 2022 40,618 5,500 405,510 123,746 575,374

LUTTERWORTH TRAILER HIRE LIMITED (REGISTERED NUMBER: 08109447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2023 is represented by:

Improvements
Freehold to Motor
land property Equipment vehicles Totals
£    £    £    £    £   
Valuation in 2023 156,499 5,500 851,217 212,905 1,226,121

If the equipment had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 374,658 374,658
Aggregate depreciation 252,289 252,289

The equipment was valued on an open market basis on 11 September 2015 by the directors .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 July 2022
and 30 June 2023 159,163
DEPRECIATION
At 1 July 2022 70,476
Charge for year 22,172
At 30 June 2023 92,648
NET BOOK VALUE
At 30 June 2023 66,515
At 30 June 2022 88,687

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 163,442 122,940
Other debtors 225 2,189
163,667 125,129

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 24,723 31,812
Trade creditors 50,171 86,854
Taxation and social security 120,379 106,667
Other creditors 52,225 925
247,498 226,258

LUTTERWORTH TRAILER HIRE LIMITED (REGISTERED NUMBER: 08109447)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 29,923 39,691
Hire purchase contracts 10,061 32,329
39,984 72,020

9. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 108,973

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30 June 2023 an amount of £51,250 (2022 £1,964) was due to/from the directors' which amount is included within creditors/debtors on the balance sheet.

11. ULTIMATE CONTROLLING PARTY

The controlling party is J S Appleton, C Appleton, M S Cogger and D Bennett.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
LUTTERWORTH TRAILER HIRE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lutterworth Trailer Hire Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Lutterworth Trailer Hire Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lutterworth Trailer Hire Limited and state those matters that we have agreed to state to the Board of Directors of Lutterworth Trailer Hire Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lutterworth Trailer Hire Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lutterworth Trailer Hire Limited. You consider that Lutterworth Trailer Hire Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lutterworth Trailer Hire Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD


7 March 2024